" We think the work we had done had positioned the company for us to reap the financial rewards that this economic cycle has taken away , " said mr. schoen , gazing across a conference table at thl 's headquarters overlooking boston harbor .
" More than a dozen thl professionals have devoted literally thousands of man-hours to simmons , including making over 115 visits to company headquarters and site facilities around the country , " the firm said in a statement .
In that case , clear channel announced on nov. 14 , 2006 that it would be acquired by bain and thl for $ 37.60 per share ( total value of around $ 18.7 billion ) .